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    Investment properties

    402 Main St, Tewksbury, MA 01876-2538

    2.04 ac lot
    Entity Owned 17-yr Hold
    Property ID
    US38-2551213
    Property summary
    AI-generated overview

    This exceptional 2.04-acre parcel of land in Tewksbury, Massachusetts, is zoned for General Business use. Located at 402 Main Street, 01876, Middlesex County, this property boasts 160 feet of frontage and a depth of 544 feet. The site currently includes an older brick ranch home featuring approximately 2248 square feet of living space, plus a finished 1200 square foot basement. The home has seven rooms, three to four bedrooms, and one and a half bathrooms. There is also a 2800 square foot commercial building (including basement) currently operating as a florist and greenery business (not included in the land sale price). The property's General Business zoning allows for a variety of uses, including, but not limited to, those detailed in the attached zoning documents. These documents are available upon request and include information regarding permitted medical and adult-use recreational marijuana sales. The asking price for the land is $3,000,000. Separate purchase options exist for the florist and greenery business and a combined land and business purchase. This presents a unique opportunity for developers and entrepreneurs seeking a versatile commercial property in a desirable location.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 2.04 ac (88,683 SF)
    Zoning code COM
    APN TEWK M:0022 L:0067 U:0000
    UPID US38-2551213
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Tewksbury Florist & Greenery (Bike/Boat/Book/etc) Store Florist
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Colantuonio Realty LLC · 17 yrs held
    Colantuonio Realty LLC
    since 2009
    5 recorded transactions
    2020
    2014
    2010
    2009
    $1
    2009
    Zoning & alternative use
    COM · Tewksbury, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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